RedotPay, which describes itself as the world’s largest stablecoin payment card issuer, told CoinDesk Wednesday it will defend itself “vigorously” against a $470 million Binance lawsuit alleging it poached 470,000 users. “RedotPay is aware of […]
Circle reported another quarter of strong USDC growth, with on-chain transaction volume surging to $14.8 trillion during the second quarter. Yet the stablecoin issuer still missed Wall Street’s revenue expectations as lower reserve yields weighed […]
Discussions on the regulation of stablecoins between US and UK officials took place in London. There is agreement on the need to fully require one-to-one stablecoin reserves. The issue of cooperation in cross-border regulation and […]
“By doing so, Samsung Wallet becomes the foundation for an interconnected financial ecosystem across Galaxy devices and services — where it combines payments, rewards, and digital assets into a single unified experience,” he said. If […]
Recent earnings calls from Open USD’s highest-profile backers, however, paint a more nuanced picture. Executives at Coinbase, Visa and Mastercard all said they intend to support multiple stablecoins instead of betting on a single winner, […]
Mastercard has wrapped up its $1.8 billion purchase of BVNK. This deal will help to increase the payment infrastructure of Mastercard’s stablecoin payments. The platform offers services for making payments, settlements, and treasuries in stablecoins. […]
Morgan Stanley downgraded shares of Circle Internet (CRCL) to underweight from equal-weight on Monday and cut its price target to $38 from $106, citing a weaker long-term earnings outlook. The stock, which slid 6% following […]
PayPal processed a record $486.4 billion in payments during the second quarter and created a dedicated crypto division as it expands its digital asset strategy. PayPal has reported $486.4 billion in total payment volume […]
Real estate services company La Rosa Holdings put $8.14 million of digital assets on its March 31 balance sheet in a delayed first-quarter filing. How much could it actually use? The filing leaves that figure […]
The stablecoin market is fragmenting, and onchain capital allocator Spark is betting it can capitalize on the split. Fintechs, exchanges and banking groups are increasingly launching their own dollar-linked tokens. Each issuer wants to keep […]
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